What's Changing in A&A for Governmental Entities (2026/27)

Overview

This comprehensive course provides a timely update on key accounting and auditing developments affecting governmental entities, bringing together recent standard-setting, auditing, and compliance changes into a single, cohesive learning experience.

Participants will begin with an update on major pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105, along with a high-level overview of active GASB exposure drafts and ongoing projects. Emphasis is placed on understanding how these changes affect governmental financial reporting, disclosures, and communication with stakeholders.

The course then shifts to auditing developments, covering significant updates to the Yellow Book issued by the U.S. Government Accountability Office, including changes related to quality management, effective dates, and recent updates to the Green Book. Participants will also gain insight into the GAO’s implementation delay and its implications for audit planning.

Finally, the course addresses recent changes affecting Single Audits, including the 2024 Uniform Guidance overhaul, updates to Appendix B of the AICPA GAS/Single Audit Guide, recent Office of Management and Budget (OMB) memoranda, and reporting changes related to SAM.gov.

Designed for auditors, preparers, and financial leaders working with governmental entities, this course helps participants understand how recent accounting and auditing changes intersect-and what to watch for as expectations continue to evolve.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives

After attending this presentation, you will be able to...

• Recall the impact of recent GASB pronouncements on governmental financial reporting.
• Identify new and updated disclosure and reporting requirements affecting governmental entities.
• Recognize quality management, independence, and performance requirements under the Yellow Book.
• Identify changes affecting Single Audits resulting from the 2024 Uniform Guidance and related guidance.
• Recall key developments from recent exposure drafts, implementation guidance, and regulatory updates affecting governmental audits.

Highlights

The major topics that will be covered in this course include:

• Major pronouncements issued by the Governmental Accounting Standards Board, including GASB Statements No. 103, 104, and 105.
• Overview of active GASB exposure drafts and ongoing projects.
• Auditing developments, covering significant updates to the Yellow Book issued by the U.S. Government Accountability Office, including changes related to quality management, effective dates, and recent updates to the Green Book. 

Designed For

Auditors, preparers, and financial leaders working with governmental entities

Prerequisites

Prior experience with governmental financial reporting and auditing

Preparation

None

Notice

You will receive an email from CPA Crossings via Webex with instructions to access the webinar.